Fortescue Decarbonisation Project
Project at a glance
Fortescue is committed to decarbonising its Australian iron ore operations in mining, port, rail, Non-process Infrastructure and mobile fleet in the Pilbara in Western Australia to achieve zero terrestrial emissions (Scope 1 and 2) by 2030. Real zero refers to no fossil fuels and wherever possible, no offsets.
Fortescue's decarbonisation plan includes the deployment of 2-3 GW of renewable (wind and solar) energy generation and substantial battery storage. The renewable power generated will be transmitted to Fortescue's electrical network via dedicated connections.
Procurement activities are scheduled to commence Q2 of CY2023.
Construction is scheduled to commence Q1 CY2024.
The Project is planned to be completed by Q4 CY2030.
Local and Indigenous participation
In line with Fortescue's commitment to supporting local Western Australian communities, requirements relating to the engagement of local and First Nations vendors will be included in the selection criteria for the Project tendering opportunities.
The Iron Bridge Magnetite Project (Project) is the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure. Iron Bridge will deliver 22 million tonnes per annum (mtpa) of high grade 67% Fe magnetite concentrate product.
The Pilbara Generation Project (Project) will enhance Fortescue's existing power generation capacity through the inclusion of 150MW of gas fired reciprocating engine-based power generation, together with 150MW of solar photovoltaic (PV) generation and 50MW of battery storage and will be constructed, owned and operated by Fortescue through its subsidiary Pilbara Energy (Generation) Pty Ltd.
The Pilbara Transmission Project (Project) aims to integrate Fortescue's iron ore mining and port operations in the Pilbara to a common 220kV network.
The creation of this 220kV network and these Stage 4 works will enable Fortescue's existing Solomon Mine power station to supply power to Fortescue's Eliwana Mine (Eliwana).